Many doubted The Civil Media Company’s ambitious plan to sell $8 million worth of its cryptocurrency, called CVL. The skeptics, as it turns out, were right. Civil’s initial coin offering, meant to fund the company’s effort to create a new economy for journalism using the blockchain, failed to attract sufficient interest. The company announced today that it would provide refunds to all CVL token buyers by October 29.
Spotify Technology SA is disrupting another part of the music business: the soundtrack album. Independent movie studio A24 is releasing the music to the new film “Mid90s” as a playlist on Spotify, rather than as an album distributed by a record label.
Companies like Viacom Digital Studios and Pocket.watch are syndicating videos previously published to YouTube on other platforms like Snapchat, Hulu and Amazon Prime Video. Jukin Media, The Young Turks and Tastemade have mined their libraries to stitch together 24/7 streaming channels for their OTT apps and digital linear video platforms like YouTube TV and Pluto TV.
The video streaming giant said today it added an impressive 5.87 million global subscribers in the third quarter of 2018, far higher than a FactSet estimate of 4.46 million cited by CNBC. Domestically, Netflix added 1.09 million subscribers, compared to an estimate of 673,800. All told, the Los Gatos, California, company now has more than 137 million subscribers around the world, including 130 million paid members.
The music streaming behemoth announced on Wednesday that it is working with digital distributor DistroKid to help artists choosing to upload directly via its Spotify for Artists site to “seamlessly distribute” their music to other platforms as well. “As part of this partnership, Spotify has made a passive minority investment in DistroKid,” the company said in a blog post.
Scribd is partnering with the ‘New York Times’ to offer a joint subscription for $12.99 that will include full digital access to the ‘New York Times’ in addition to Scribd’s inventory of more than a million books, audiobooks, and newspaper and magazine articles.
Sony has announced the development of a digital rights management (DRM) platform based on the blockchain. While the blockchain-based solution is being developed with the educational industry in mind — under the umbrella of Sony, Sony Music Entertainment Japan, and Sony Global Education — the tech giant says the system could have “possible uses in a wide range of fields.”
Considering the volumes, Google cannot ask permission every time it would like to use an image for advertising. Thus, it needs to automate it. What better than using a model they already have in place with Youtube. Have owners to opt-in, via a revenue share. Moreover, how best to identify owners? Their credit line. In other words, build a content ID for photography.
Services like Spotify and Apple Music have returned the music business to growth by getting consumers to pay again after years of rampant piracy. But those same services are being used in violation of usage policies in commercial settings like coffee shops and small retail stores, according to a new report from Nielsen Music.
DJs and dance music producers have been missing out on performance royalties for decades. Now, that’s starting to change — with performance rights organizations PRS for Music and PPL taking a serious step forward on music recognition technology.